Arc Minerals Ltd (LSE:ARCM) has confirmed the receipt of a US$625,000 settlement payment from Avanti Gold Corporation, fully resolving outstanding receivables under a previously announced agreement. The funds will be directed toward advancing the company’s mineral development projects and strengthening its working capital position.
This payment provides additional financial flexibility for Arc Minerals as it continues to progress its exploration activities and enhance its operational capacity, supporting its broader strategic objectives within the mining sector.
More about Arc Minerals Ltd
Arc Minerals Ltd is a mining and exploration company focused on the development of mineral resource projects. The company is engaged in identifying, advancing, and optimizing high-potential mining assets, with an emphasis on maintaining strong operational efficiency and sustainable capital management.
Leave a Reply